Common use of Receiving Funds Clause in Contracts

Receiving Funds. If another person (a “Sender”) instructs us to transfer funds to your account, you authorize us to deposit the funds to your GoBank account and represent to us that you are the person intended by the Sender to receive the funds. As with sending funds, you acknowledge that there will be a delay between the time you are notified of a pending transfer and the date funds are deposited to your account. You may only receive up to $2,000 per day or $5,000 in any 30 day period using our Service.

Receiving Funds. If another person (a “Sender”) instructs us to transfer funds to your account, you authorize us to deposit the funds to your GoBank account and represent to us that you are the person intended by the Sender to receive the funds. As with sending funds, you acknowledge that there will be a delay between the time you are notified of a pending transfer and the date funds are deposited to your account. You may only receive up to $2,000 per day or $5,000 in any 30 day period using our Servicethis service.